Initial fashion brands participating in the store launch
will be Balenciaga, Prada, and Thom Browne, but Meta aims to make the store an
open marketplace where developers can create and sell outfits, said Zuckerberg,
speaking in an Instagram Live.
Earlier this week, Meta, Alphabet unit Google, Twitter, and
Microsoft agreed to take a tougher line against disinformation under an updated
EU code of practice that could hit them with hefty fines if they fail to do so.
More than 30 signatories including advertising bodies have
committed to the updated Code of Practice on disinformation, the European
Commission said.
The signatories agree to do more to tackle deep fakes, fake
accounts and political advertising, while non-compliance can lead to fines as
much as 6 percent of a company's global turnover, the EU executive said,
confirming a Reuters report last week.
The companies, which include TikTok and Amazon's live
streaming e-sports platform Twitch, have six months to comply with their
pledges and will have to present a progress report at the beginning of 2023.
"The new code is a testimony that Europe has learned
its lessons and that we are not naive any longer," Commission
Vice-President Vera Jourova told a news conference.
She said Russia's invasion of Ukraine, the COVID-19 pandemic
and Britain's withdrawal from the European Union accelerated the EU's crackdown
on fake news.
Sanctions may including banning companies from Europe, EU
industry chief Thierry Breton said. © Reuters